prepayable
Can pay beforehand
Prepayable describes something that can be paid for in advance, before it's due or before services are rendered.
The term appears most often in financial contexts: a prepayable mortgage allows the borrower to pay off the balance early, while prepayable phone plans require payment before use rather than after.
Secured home loan
- principalChief school administrator
- penaltyPunishment for wrongdoing
- interestAttention, stake, or fee
- amortizationGradual debt reduction schedule
refinance · payoff · lump-sum · balloon · term · early · closing · escrow
Available course of action
- clauseProvision in agreement
- termsConditions of an agreement
- provisionPreparatory supply or clause
- agreementShared position between parties
stipulation · cancellation · flexibility · conditions · negotiable · binding · amendment · renewal
mortgage
Secured home loan
amortization · refinance · payoff · lump-sum · balloon · term · early · closing · escrow · equity
option
Available course of action
agreement · stipulation · cancellation · flexibility · conditions · negotiable · binding · amendment · renewal · termination
invoice
Itemized billing statement
- utilityFunctional worth or purpose
- subscriptionPaid recurring access
- installmentPeriodic partial payment
balance · account · statement · charges · fees · dues · premium · tuition · rent · membership
prepayablelocked-in
Fixed and unchangeable
closed · fixed-term · inflexible · irrevocable · binding
pay, payment, repay, repayment, prepaid, payable, payer, prepay, prepayment